Peter Drucker
Peter Drucker
Peter Ferdinand Druckerwas an Austrian-born American management consultant, educator, and author, whose writings contributed to the philosophical and practical foundations of the modern business corporation. He was also a leader in the development of management education, he invented the concept known as management by objectives and self-control, and he has been described as "the founder of modern management"...
ProfessionNon-Fiction Author
Date of Birth19 November 1909
Peter Drucker quotes about
growth luck prosperity
Luck never built a business. Prosperity and growth come only to the business that systematically finds and exploits its potential.
technology innovation economics
Above all, innovation is not invention. It is a term of economics rather than of technology.
innovation trying grandiose
Effective innovations start small. They are not grandiose. They try to do one specific thing.
views decision firsts
Decisions of the kind the executive has to make are not made well by acclamation. They are made well only if based on the clash of conflicting views...The first rule in decision-making is that one does not make a decision unless there is disagreement.
waiting management obsolete
Management must take the lead in making obsolete its own products and services rather than waiting for a competitor to do so.
reality next looks
The new always looks so puny-so unpromising-next to the reality of the massive, ongoing business.
form profit ill
We can ill afford to have activities conducted as "non-profit," that is, as activities that devour capital rather than form it, if they can be organized as activities that form capital, as activities that make a profit.
new-ventures financial faster
The healthier a new venture and the faster it grows, the more financial feeding it requires.
mean entrepreneurship judgment
[Entrepreneurship] is by no means hunch or gamble. But it also is not precisely science. Rather, it is judgment.
years skills age
The correct assumption is that what individuals have learned by age twenty-one will begin to become obsolete five to ten years later and will have to be replaced-or at least refurbished-by new learning, new skills, new knowledge.
wicked income needs
The dilemma of modern society: the conflict between the need for capital formation at a high rate and the popular condemnation of interest and dividends as "unearned income" and "capitalist," if not as sinful and wicked.
teaching thinking people
I no longer think that learning how to manage people, especially subordinates, is the most important for executives to learn. I am teaching above all else, how to manage oneself.
opportunity important use
The most important work of the executive is to identify the changes that have already happened. The important thing . . . is to exploit the changes that have already occurred and to use them as opportunities.
goal ifs five
If you have more than five goals, you have none.